Edelweiss Tokio Life Payor Waiver Benefit Rider

With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.  

UIN No.: 147B014V04

rider rates

sample policy contract

rider brochure

Rider Features

Unforeseen circumstances like diagnosis of a critical illness or disability can have long-reaching effects. It can change your lifestyle and can have an adverse effect on your everyday processes. This Rider provides assistance in such a case - diagnosis of one of listed critical illnesses, a total and permanent disability caused by an accident or death. In such a case, all your remaining premium payments will be waived off and your policy benefits will continue unaffected. This Rider is applicable on plans where the life insured and proposer of the policy are different people.  

 

This optional benefit has an entry age of 18 to 65 years and its maturity age is 70 years. Your payment frequency and term for this rider should coincide with the selection made for the base plan. The minimum premium amount you will have to pay is Rs. 3.40, while the maximum premium will be restricted to 30% of the base product premium. The minimum premium amount that will be waived off through this rider is Rs. 1000, whereas there is no limit for the maximum premium amount.  

 

This Rider covers the following critical illnesses - Cancer of Specified Severity, Open Chest CABG, Myocardial Infarction (First Heart Attack of specific severity), Open Heart, Replacement OR Repair of Heart Valves, Kidney Failure Requiring Regular Dialysis, Third Degree Burns, Major Organ / Bone Marrow Transplant, Permanent Paralysis of Limbs, Stroke Resulting in Permanent Symptoms, Surgery of Aorta, Coma of Specified Severity and Blindness. This Rider offers a 15-day Free Look period and the Grace Period is the same as the base plan.  

 

This Rider is available on purchase of Edelweiss Tokio Life - Active Income, Edelweiss Tokio Life - GCAP, Edelweiss Tokio Life - Income Builder and Edelweiss Tokio Life - Cash Flow Protection Plus. 

 

 

 

Riders do not in any way indicate the quality of the contract, its future prospects, or returns. Please know the associated risks and the applicable charges from your Intermediary or Financial Advisor. Tax benefits are subject to changes in the tax laws. Riders are optional and available at an extra cost.

 

Edelweiss Tokio Life – Group Critical Illness Rider is only the name of a Group, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B013V03

Edelweiss Tokio Life – Group Extended Critical Illness Rider is only the name of a Group, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B009V03

Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider.  UIN 147B001V03

Edelweiss Tokio Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B002V03

Edelweiss Tokio Life – Payor Waiver Benefit Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Rider.  UIN 147B014V04

Edelweiss Tokio Life - Hospital Cash Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B006V03

Edelweiss Tokio Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B005V03

Edelweiss Tokio Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B003V04

Edelweiss Tokio Life – Income Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Rider. UIN 147B015V01

 

 

These products do not in any way indicate the quality of the contract, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. 

 

Edelweiss Tokio Life – Active Income Plan is only the name of the Individual, Non-Linked, Par, Savings, Life Insurance Product..  UIN: 147N065V01

Edelweiss Tokio Life - GCAP is only the name of the Individual, Non-Linked, Non-Par, Savings, Life Insurance Product. UIN: 147N031V02

Edelweiss Tokio Life – Income Builder is only the name of the Individual, Non-Linked, Non-Par, Savings, Life Insurance Product. UIN: 147N057V02

Edelweiss Tokio Life – Cashflow Protection Plus is only the name of the Individual, Non-Linked, Par, Savings, Life Insurance Product.  UIN: 147N028V02

Edelweiss Tokio Life - Group Life Protection is only the name of a Group, Non-Linked, Non-Par, Life, Pure Risk Premium One Year Renewable Insurance Product. UIN: 147N008V05

Edelweiss Tokio Life – Zindagi Plus is only the name of a Non-Linked, Non-Participating Individual, Pure Risk Premium, Life Insurance Product. UIN: 147N056V04

Edelweiss Tokio Life - My Term Plus is only the name of the Individual, Non-Linked, Non-Par, Savings, Life Insurance Product. UIN: 147N063V01

 

ARN No : WP/1460/Feb/2021